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CHINA reopening, SPX breaks above 200MA - GRIND UP continues into Q1 2003 TOP


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#31 dTraderB

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Posted 06 December 2022 - 09:00 AM

Seth Golden (@SethCL) tweeted at 9:02 am on Tue, Dec 06, 2022:
When % of stocks in NYSE trading above 200-DMA drops to 15% or fewer, then cycles back up to 50% or greater, the lows were in, a new bull market took form.

#32 dTraderB

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Posted 06 December 2022 - 09:03 AM

Setting up rally into January

Hu Xijin 胡锡进 (@HuXijin_GT) tweeted at 9:23 am on Tue, Dec 06, 2022:
I believe Chinese govt may soon announce new steps of COVID responses, and there will be follow-up actions in various parts of China. The cage of the epidemic is being shattered, and the appearance of Chinese society will change every week. Well definitely return to normal life.
(https://twitter.com/...707598282752t=9

#33 dTraderB

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Posted 06 December 2022 - 09:06 AM

ES MARCH FUTURES 30 points above current DEC ES.

Adam Mancini (@AdamMancini4) tweeted at 9:19 am on Tue, Dec 06, 2022:
I follow the standard roll calendar which will be next Monday. Will be a huge rollover next week as March is now an extreme 30 points above December

#34 dTraderB

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Posted 06 December 2022 - 09:10 AM

SALES in our business much better than ptevious 2 years, could actually surpass 2019.

Adam Mancini (@AdamMancini4) tweeted at 9:14 am on Tue, Dec 06, 2022:
Yesterday, #ES_F saw a failure of last weeks breakout at 4040, triggering shorts & putting it back into consolidation. My 1st target was 4k, hit & basing here for 20hrs

Plan today: Resistance = 4015. As long as below, 3955-65 remains next trget. 4015 clears, we run back to 4050

ES MARCH FUTURES 30 points above current DEC ES.

Adam Mancini (@AdamMancini4) tweeted at 9:19 am on Tue, Dec 06, 2022:
I follow the standard roll calendar which will be next Monday. Will be a huge rollover next week as March is now an extreme 30 points above December



#35 K Wave

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Posted 06 December 2022 - 09:18 AM

Watching UNH here today...about time for another decision...

 

below 532 could usher in trouble, but above 540 one more time, and will start to look like new highs possible...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#36 K Wave

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Posted 06 December 2022 - 09:24 AM

Keep your eye on Wells Fargo....if it holds here around 44, the still OK.

 

But much lower than that, could be giving an early warning of trouble....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#37 12SPX

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Posted 06 December 2022 - 09:52 AM

Just love spike sell offs with puts screaming higher in price yet the vix is barely up lol!!  Average long now 4010!! 



#38 12SPX

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Posted 06 December 2022 - 10:11 AM

Hmmmm well not hard to get my average down to 3998 now, sit on that and see where we go with this roaring vix lol!!! 



#39 linrom1

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Posted 06 December 2022 - 10:12 AM

Dollar now under $7CNY. That's bad for China exports.


Edited by linrom1, 06 December 2022 - 10:22 AM.


#40 CLK

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Posted 06 December 2022 - 10:39 AM

Hmmmm well not hard to get my average down to 3998 now, sit on that and see where we go with this roaring vix lol!!! 


Why didn't you just short instead of long, now 40 point drawdown.

Edited by CLK, 06 December 2022 - 10:42 AM.